Over the last several months we discussed the $1080 support on gold in detail. So will that support hold as an intermediate bottom? During this current distribution phase, if gold can find support above $1,100 or simply retest $1080 on a short term basis, a bottom can be developed. It is premature to get excited, because any sustained price below $1,100 can usher in a $100 drop down toward the $1,000 handle. We should get some key clues in the next week.